S*BIO completes $26M series B financing
Singapore-based drug developer S*BIO has completed a $26.0-million series B financing led by Bio*One Capital and new investor Aravis Venture. Additional new shareholders include the Lacuna Apo BioTech Fund, advised by Adamant Biomedical Investments AG, and Zurcher Kantonalbank.
S*BIO will utilize the proceeds to primarily fund the development efforts of its two lead compounds: SB939, a HDAC inhibitor and SB1518, a JAK 2 inhibitor, both in Phase I trials.
As part of the financing, Jean-Philippe Tripet, managing partner of Aravis has joined S*BIO's board of directors.
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